Heavy Engineering Bhd News Today

Malaysia Marine and Heavy Engineering Bhd’s (MMHE) RM6.3bil order book is expected to offer earnings visibility up to the financial year ending Dec 31, 2027 (FY27), but analysts express concern about its recurring cost provisions.

Malaysia Marine & Heavy Engineering Bhd’s (MMHE) order book of RM5.7bil is expected to support its earnings growth for the financial year 2024 (FY24) and FY25.

KUALA LUMPUR (Feb 10): Malaysia Marine and Heavy Engineering Bhd (MHB) posted its fourth consecutive quarterly net profit with RM27.14 million recorded in the fourth quarter ended Dec 31, 2022 (4QFY2022), from a net loss of RM107.79 million the year before.

Move will benefit integrated companies in the industry

Malaysia's integrated oil and gas (O&G) companies that recently reported a mixed set of results for the financial year 2021 (FY21) will likely benefit from a potential increase in Petroliam Nasional Bhd’s (Petronas) capital expenditure (capex) spending this year.

KUALA LUMPUR: A lower impairment loss for Malaysia Marine and Heavy Engineering Bhd (MMHE) in the financial year ended Dec 31, 2021, resulted in a narrower net loss of RM270.41mil compared to a net loss of RM396.8mil in the year before.

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Bhd (MMHE) is cautious over its prospects as the current operating landscape remains uncertain amid the Covid-19 pandemic and rising commodities prices.

KUALA LUMPUR (March 8): E.A. Technique (M) Bhd said today that it has reached a US$25.5 million settlement (RM104.74 million) with Malaysia Marine and Heavy Engineering Bhd (MHB) over their dispute concerning a 2015 floating storage and offloading (FSO) conversion project. EA Technique had in November 2020 lost the arbitration and was instructed by the Arbitration Tribunal to pay MHB US$29.52 million (RM121.93 million at the time), and costs of RM4.69 million with interest. Today, EA Technique ...